Cognizant Technology Solutions Corp Class A (CTSH)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,689,000 | 2,651,000 | 2,763,000 | 2,946,000 | 2,968,000 | 3,014,000 | 2,945,000 | 2,881,000 | 2,826,000 | 2,559,000 | 2,433,000 | 2,204,000 | 2,114,000 | 2,275,000 | 2,468,000 | 2,745,000 | 5,403,000 | 8,130,000 | 14,628,000 | 21,004,000 |
| Revenue (ttm) | US$ in thousands | 19,353,000 | 19,434,000 | 19,394,000 | 19,414,000 | 19,428,000 | 19,366,000 | 19,253,000 | 18,932,000 | 18,507,000 | 17,914,000 | 17,413,000 | 16,828,000 | 16,652,000 | 16,752,000 | 16,757,000 | 16,898,000 | 16,783,000 | 16,628,000 | 16,458,000 | 16,323,000 |
| Gross profit margin | 13.89% | 13.64% | 14.25% | 15.17% | 15.28% | 15.56% | 15.30% | 15.22% | 15.27% | 14.28% | 13.97% | 13.10% | 12.70% | 13.58% | 14.73% | 16.24% | 32.19% | 48.89% | 88.88% | 128.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,689,000K ÷ $19,353,000K
= 13.89%
The gross profit margin of Cognizant Technology Solutions Corp. has shown a gradual decrease over the past eight quarters, declining from 36.95% in Q1 2022 to 34.56% in Q4 2023. This downward trend indicates that the company's profitability on sales has been under pressure. The decrease in the gross profit margin may be attributed to various factors, such as increased competition, higher operating expenses, or pricing pressures in the market. It is essential for the company to closely monitor and address the factors contributing to this declining trend to sustain profitability in the long run.
Peer comparison
Dec 31, 2023